Is the Eurocrisis reflected in current prices of F40? - Ferrari Life
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post #1 of 34 Old 01-16-2012, 10:12 PM
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Is the Eurocrisis reflected in current prices of F40?

Have been thinking of acquiring an F40. But not sure if this is the right moment, given that Europe is in recession and there are a number of economic problems that haven't been solved e.g. debt crisis in Europe, US budget deficit.

Anyone with thoughts on whether current prices of F40s reflect that uncertainty? Or do you think it would be better to sit on the cash and see what happens in the next year?

Whilst I'm asking questions! Anyone on here with an F40 living in Switzerland that would be willing to pass on advice/have a quick chat?
 
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post #2 of 34 Old 01-17-2012, 05:04 AM
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Have been thinking of acquiring an F40. But not sure if this is the right moment, given that Europe is in recession and there are a number of economic problems that haven't been solved e.g. debt crisis in Europe, US budget deficit.

Anyone with thoughts on whether current prices of F40s reflect that uncertainty? Or do you think it would be better to sit on the cash and see what happens in the next year?

Whilst I'm asking questions! Anyone on here with an F40 living in Switzerland that would be willing to pass on advice/have a quick chat?
What numbers are they trading at?
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post #3 of 34 Old 01-17-2012, 06:12 AM
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Range is around USD 550k - USD 800k
 
 
post #4 of 34 Old 01-17-2012, 07:41 AM
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whether you need to sit on the cash or not is a personal thing. I am no expert, but only see upside on the F40 and if you want one, i would buy one. I guess what i'm saying is i don't see the prices going down. A lot of the people in a position to buy one are making money on the downturn, not losing. The supercars and 1m+ cars just don't seem to go down.



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post #5 of 34 Old 01-17-2012, 07:46 AM
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Range is around USD 550k - USD 800k
Seems like a lot - not sure which way they are headed.

If it's a long term hold and no plans of selling - might as well wait to get the one that all around suits you the best.
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post #6 of 34 Old 01-17-2012, 08:12 AM
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It's very difficult to say. Last time around, prices of special cars dipped for a short time in certain markets (2008/9 was a fantastic time to buy an F40 in the UK, sadly I didn't....), but soon after prices stabilised again and came back to record highs. Lots of people took their cash out of the banks and poured it into something more tangible.

There is no doubt that an even bigger financial disaster is heading Europe's way. How the pendulum will swing this time is hard to say. A lot of people that survived the first knock will be affected. House prices are straining, currently they are still artificially high but I think a second crisis will start knocking them down. It's then hard to say what people will do. A car like the F40 requires lots of cashflow for maintenance, and that might make it attractive to sell. So I'm on the fence on this one. 2012 is going to be a very, very interesting year. If you ask me for an answer, I would say prices will go down within a year or two.

But, primarily, IMHO, Ferrari's are not investments and should be bought for their enjoyment. If you get lucky, then that's great. If you don't, at least you had a good time. Lot's of people have lost hundreds of thousands or even millions on so-called "inflation-proof" car investments. You enter at your own peril.


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post #7 of 34 Old 01-17-2012, 08:35 AM
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Quote:
Originally Posted by Schnellmann View Post
Have been thinking of acquiring an F40. But not sure if this is the right moment, given that Europe is in recession and there are a number of economic problems that haven't been solved e.g. debt crisis in Europe, US budget deficit.

Anyone with thoughts on whether current prices of F40s reflect that uncertainty? Or do you think it would be better to sit on the cash and see what happens in the next year?

Whilst I'm asking questions! Anyone on here with an F40 living in Switzerland that would be willing to pass on advice/have a quick chat?
Welcome on board. I'm from Switzerland too. Had a F40 until March last year. Enjoyed it tremendeously.
Agree on JazzyO's tendency to expect lower prices nearby, but maybe not for the Supercars. Maintenance costs of a F40 is not much higher than for any other F-car except if crashing/insurance. F40's in Switzerland are below or at around CHF 500'.
PM me for a chat.

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post #8 of 34 Old 01-26-2012, 09:55 PM
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I am with JazzyO in terms of the outlook for 2012. Europe is a mess and things look like they cold get really ugly at any moment. Situation in Greece is still unresolved, France will likely have a new socialist President who will roll back a number of key reforms, Italy has yet to address any of it's core issue, and Spain/Portugal are in even worse condition. Housing market in the UK still has not gone through a correction and when it does the pain will be severe.

However I don't see prices of F40s (or 288 GTOs, Enzos, F50) headed south anytime soon. Had a long discussion with a friend in the trade yesterday and demand on all is well ahead of supply (Enzo being the only exception). I would buy an F40 now and enjoy it.
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post #9 of 34 Old 01-26-2012, 10:45 PM
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I am with JazzyO in terms of the outlook for 2012. Europe is a mess and things look like they cold get really ugly at any moment. Situation in Greece is still unresolved, France will likely have a new socialist President who will roll back a number of key reforms, Italy has yet to address any of it's core issue, and Spain/Portugal are in even worse condition. Housing market in the UK still has not gone through a correction and when it does the pain will be severe.

However I don't see prices of F40s (or 288 GTOs, Enzos, F50) headed south anytime soon. Had a long discussion with a friend in the trade yesterday and demand on all is well ahead of supply (Enzo being the only exception). I would buy an F40 now and enjoy it.
I agree and couldn't believe when I heard yesterday about the programm of Mr. Francoise Hollande, if he's going to be the next president in france. 50'000 new teachers and 150'000 new state employed people. Yeah that is really the way to go for France.... But when study history, you can see that the "middle age" endured a couple of centuries. Maybe we are at the beginning of a similar path politically spoken....?!

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post #10 of 34 Old 01-27-2012, 04:17 AM
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I am with JazzyO in terms of the outlook for 2012. Europe is a mess and things look like they cold get really ugly at any moment. Situation in Greece is still unresolved, France will likely have a new socialist President who will roll back a number of key reforms, Italy has yet to address any of it's core issue, and Spain/Portugal are in even worse condition. Housing market in the UK still has not gone through a correction and when it does the pain will be severe.

However I don't see prices of F40s (or 288 GTOs, Enzos, F50) headed south anytime soon. Had a long discussion with a friend in the trade yesterday and demand on all is well ahead of supply (Enzo being the only exception). I would buy an F40 now and enjoy it.
Boxer , this means that you think Enzo´s will go up in price?

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post #11 of 34 Old 01-27-2012, 09:07 AM
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Boxer , this means that you think Enzo´s will go up in price?
No, I think Enzos might come down a bit.
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post #12 of 34 Old 01-28-2012, 04:38 AM
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No, I think Enzos might come down a bit.
Jajaja... I feel that now you are really hunting an Enzo for yourself!!!

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post #13 of 34 Old 01-28-2012, 06:20 AM
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Jajaja... I feel that now you are really hunting an Enzo for yourself!!!
You sound like Iainuk
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post #14 of 34 Old 01-28-2012, 11:01 AM
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You sound like Iainuk
And this price drop you expect to happen when the replacement of the Enzo comes out??? Or when?

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post #15 of 34 Old 01-28-2012, 11:55 AM
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And this price drop you expect to happen when the replacement of the Enzo comes out??? Or when?
Depends on what happens with the Euro economies in the next couple of months.
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post #16 of 34 Old 01-28-2012, 11:57 AM
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Boxer , sorry to be out of the issue here , but was wondering if the F50 and F40 are easy to park , etc..???

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post #17 of 34 Old 01-28-2012, 12:25 PM
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Boxer , sorry to be out of the issue here , but was wondering if the F50 and F40 are easy to park , etc..???
As I have the F50 set up as a barchetta, it is quite easy to park. The F40 can be a bit more of a challenge.
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post #18 of 34 Old 01-28-2012, 01:25 PM
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You sound like Iainuk

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post #19 of 34 Old 01-28-2012, 09:57 PM
 
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Well, the simple answer is Everything right now is reflected by whatever's happening in the world markets.

If you want the F40, and can afford it -- than whatever's happening now shouldn't really be an issue. I don't think the price of the F40, and other Ferrari's, have a strong correlation to the financial markets anyways.

As for the future of the markets' direction, no one has a crystal ball.
But if I was a long-term investor, I'd wait a couple of months to see how this Euro stuff pans out.
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post #20 of 34 Old 01-28-2012, 10:59 PM
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cannot see Enzo dropping imho ,
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